Ooredoo (MUS:ORDS) ROCE % : 5.36% (As of Dec. 2023)

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What is Ooredoo ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ooredoo's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.36%.

Ooredoo ROCE % Historical Data

The historical data trend for Ooredoo's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ooredoo ROCE % Chart

Ooredoo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.30

9.29

6.01

8.39

5.36

Ooredoo Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial										15.30	9.29	6.01	8.39	5.36

Ooredoo ROCE % Calculation

Ooredoo's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	16.344	/	( ( (455.761 - 147.43)	+	(430.212 - 129.018) )	/ 2 )
	=	16.344	/	( (308.331	+	301.194)	/ 2 )
	=	16.344	/	304.7625
	=	5.36 %

Ooredoo's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	16.344	/	( ( (455.761 - 147.43)	+	(430.212 - 129.018) )	/ 2 )
	=	16.344	/	( ( 308.331	+	301.194 )	/ 2 )
	=	16.344	/	304.7625
	=	5.36 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Ooredoo (MUS:ORDS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ooredoo ROCE % Related Terms

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Ooredoo (MUS:ORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ooredoo (MUS:ORDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Post Office, P.O. Box 874, Tilal Building, Muscat, OMN, 111

Website

https://www.ooredoo.om

Ooredoo is an Oman-based company operating in the telecom industry. Its principal activities are the operation, maintenance, and development of mobile and fixed telecommunications services in the Sultanate of Oman. The company operates through two business segments, namely Mobile and Fixed-line. The Mobile segment is engaged in the operation of a global system for mobile communication for pre-paid and post-paid services, the sale of telecommunication equipment, and other associated services. The Fixed-line segment is involved in the provision of international and national voice and data services from fixed lines, the sale of telecommunication equipment, and other associated services. It derives a majority of the revenue from the Mobile segment.

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